Can You Get Me the Listing Agent Information?
Really you think you are going to get a better deal going direct? This is not always true you just helped the selling agent double their commission and you get no representation!
Can You Get Me the Listing Agent Information?
Yes this is the question I got from a prospect this morning that I have been mailing homes to for some time. Now for those of you not agents my biggest fear kicks in – This person thinks they will save time and money, and have a better shot at the house, buy going around me to the Listing Agent.
What most buyers do not understand is that a Listing Agent will not represent them. The Listing Agent has no fiduciary obligations to the Buyer. But they have a Fiduciary Obligation to the Seller – which means even if they are a nice guy/gal and do not want to hide things from you or keep you finding something out they still have to represent the best interest of the sellers. Of course there are always disclosures they need to provide but there are lots of things that you need your own agent to look out for to insure things happen properly and all the issues are looked into.
Buying a Home is the biggest financial decisions most families face and will impact the family for years or even decades. So do you think it would be wise to have your own representative at the table?
If you were being sued would you ask the other parties attorney to arrange all the legal details for you so you could avoid having your own attorney? Suppose you were being prosecuted for a crime and you were innocent (or even guilty) would you just count on everyone’s integrity and assume the DA is going to treat you fair if you just put your cards on the table? Would you have your spouses attorney handle all the divorce paper work so you don't have to get an attorney?
Of course you would not! So why let the Sellers Rep/Agent – who has a fiduciary obligation to the Seller (not you) to represent you in probably the most important transaction you may ever be involved in?
Let me dis-spell a big myth. They don't generally cut the commission for you or the seller – they just pocket both ends. And generally if the other side is not represented it can be a much more expensive purchase with a bigger commission paid!
So why do you need the Listing Agent Information?
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